Can I retire at age 70 with 477,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$39,390$39,039$38,697$38,363$38,037$37,178
2 years$19,500$19,137$18,785$18,444$18,113$17,252
3 years$12,871$12,506$12,155$11,817$11,491$10,656
4 years$9,557$9,193$8,846$8,514$8,196$7,391
5 years$7,569$7,208$6,865$6,539$6,230$5,460
6 years$6,244$5,886$5,548$5,229$4,930$4,194
7 years$5,298$4,943$4,610$4,299$4,009$3,308
8 years$4,589$4,237$3,910$3,607$3,326$2,659
9 years$4,038$3,689$3,368$3,072$2,801$2,168
10 years$3,597$3,252$2,936$2,648$2,387$1,787
11 years$3,237$2,895$2,585$2,305$2,053$1,485
12 years$2,937$2,598$2,294$2,022$1,779$1,243
13 years$2,683$2,348$2,049$1,785$1,551$1,046
14 years$2,466$2,134$1,841$1,584$1,360$884
15 years$2,278$1,950$1,663$1,413$1,197$750
16 years$2,113$1,789$1,507$1,265$1,058$638
17 years$1,968$1,647$1,372$1,137$938$544
18 years$1,840$1,522$1,252$1,024$834$465
19 years$1,725$1,411$1,146$926$743$399
20 years$1,621$1,311$1,052$838$664$342
21 years$1,528$1,221$968$761$594$294
22 years$1,443$1,140$892$692$533$253
23 years$1,366$1,066$823$630$478$217
24 years$1,295$999$762$575$430$187
25 years$1,230$937$705$525$387$161
26 years$1,170$881$654$480$348$139
27 years$1,114$829$607$439$314$120
28 years$1,063$781$565$402$283$104
29 years$1,015$737$525$369$256$90
30 years$971$696$489$339$231$77
31 years$929$658$456$311$209$67
32 years$891$623$426$286$189$58
33 years$854$590$398$263$171$50
34 years$820$559$371$242$155$43
35 years$788$530$347$223$140$37
36 years$758$503$325$205$127$32
37 years$729$478$304$189$115$28
38 years$702$454$285$174$104$24
39 years$676$432$267$161$95$21
40 years$652$411$250$148$86$18
41 years$629$391$234$137$78$16
42 years$607$372$220$126$71$14
43 years$587$355$206$116$64$12
44 years$567$338$194$107$58$10
45 years$548$323$182$99$53$9
46 years$530$308$171$92$48$8
47 years$513$294$161$85$44$7
48 years$496$280$151$78$40$6
49 years$481$268$142$72$36$5
50 years$466$256$133$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $477,000, adding $5,398 every year, while hoping to spend $42,951 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/14/30 Blend
69$477,000$477,000$477,000$477,000
70$531,222$505,941$498,548$556,293
71$539,707$485,033$469,549$553,263
72$547,618$461,660$438,140$545,081
73$554,851$435,658$404,194$535,310
74$561,291$406,849$367,579$523,814
75$566,807$375,049$328,157$510,443
76$571,256$340,062$285,785$495,033
77$574,478$301,678$240,313$477,410
78$576,294$259,680$191,583$457,383
79$576,508$213,836$139,433$434,745
80$574,898$163,900$83,690$409,272
81$571,221$109,615$24,177$380,719
82$565,206$50,706$0$348,822
83$556,552$0$0$325,884
84$544,927$0$0$310,099
85$529,963$0$0$300,039
86$511,249$0$0$287,640
87$488,335$0$0$272,621
88$460,719$0$0$254,674
89$427,847$0$0$233,454
90$389,106$0$0$208,583
91$343,819$0$0$179,642
92$291,236$0$0$146,167
93$230,528$0$0$107,646
94$160,780$0$0$63,512
95$80,980$0$0$13,141
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0